The blockchain-based prediction market Polymarket noticed spectacular progress final month, particularly because the begin of the controversy across the U.S. elections.
In line with information supplied by Dune Analytics, the whole variety of bets on Polymarket surpassed the 1.5 million mark in July. The entire variety of bets because the launch of the market prediction platform is presently sitting at 5.29 million.
Furthermore, information from Dune Analytics reveals that the cumulative guess buying and selling quantity on Polymarket has reached simply over $1 billion. The betting quantity for July alone is up 219% from the previous month — rising from $111.56 million to $355.23 million.
The surge within the Polymarket buying and selling quantity comes as the controversy across the U.S. presidential elections heats up. In line with information from Polymarket, the whole quantity of bets on the upcoming elections has reached $439 million.
Per the market prediction platform, there’s a 57% probability that Donald Trump may win the U.S. elections in November with over $54 million in bets. Trump’s competitor, Vice President Kamala Harris, presently has a 39% probability of changing into the forty seventh U.S. president with a betting quantity of $38.5 million.
In line with a crypto.information report on July 24, Polymarket joined forces with MoonPay to permit non-crypto customers to make use of the Polygon-based market prediction platform.
